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Former Microsoft corporate vice president and chief financial officer Dennis Durkin has signed on to serve as the CFO for Activision Blizzard, the mega-publisher announced earlier today. The terms of the deal were outlined in a report to the U.S. Securities and Exchange Commission: Effective this past Thursday, Durkin took the duties of the position from Thomas Tippl, who had served as interim CFO after moving up to chief operating officer in 2010.
Durkin's contract, which extends through March 15, 2017, is ... well, rewarding. His base salary of $650,000 is set to increase at least 5 percent year-over-year, and he's eligible to receive a performance-based bonus of up to 100 percent of that amount annually. Also, he's getting a $1.2 million sign-on bonus, and more stock options than we could even begin to describe. The short version: It is a very, very good time to be a chief financial officer for a gigantic video game company. Now would be the time to go change your collegiate focus to whatever Dennis Durkin studied — "Money," we guess?
